The stock of Poly Medicure, which has been in a downtrend since May, found support at ₹1,840 and rebounded from this level a couple of weeks ago. It continued to rise, and the price is now above both 21- and 50-day moving averages.
Although the scrip has been flat so far this week, the price remains above a key support at ₹2,020. So long as this level holds, the bias will be bullish.
From the current level, the stock can appreciate to ₹2,300 in the near term. Traders can buy the stock of Poly Medicure at ₹2,100 and accumulate at ₹2,030. Place stop-loss at ₹1,980. When the price hits ₹2,200, revise the stop-loss to ₹2,090. On a rally to ₹2,250, trail the stop-loss to ₹2,180. Book profits at ₹2,300.
Video Credit: Businessline
Note: The recommendations are based on technical analysis. There is a risk of loss in trading
Published on August 29, 2025
